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E-payment Company Lakala to IPO on Shenzhen's Growth Enterprise Board

Lakala Payment, 3/03/17

Legend Holdings recently announced that e-payment services company Lakala Payment, in which Legend Holdings controls a 31.38% stake, recently submitted an application with the China Securities Regulatory Commission (CSRC) to pursue an A-shares listing on the Shenzhen Stock Exchange's ChiNext growth enterprise board. Read More

Lakala to Backdoor List on Shanghai Exchange via 'Tibet Tourism' Shell

Tencent Tech, 2/05/16

Tibet Tourism (600749.SH) has announced a plan to wholly-acquire Beijing-based e-payment service provider Lakala through issuance of stock and cash payments to the 46 individuals and companies who currently hold equity. Read More

Xiaomi Establishes Payment Subsidiary

Lieyunwang.com, 2/08/14

According to data from the Beijing Administration for Industry and Commerce (BAIC), Beijing-based Android device maker Xiaomi has established a mobile payment subsidiary, "Xiaomi Payment Technology" ("Xiaomi Zhifu Keji"). Read More

Chinese SNS Management Software Lands USD 8-Digit Funding

Tencent Tech, 10/08/13

Beijing-based Moshi Century Technology, developer of social media management software "Social Touch," recently announced that the company has landed USD 8-digit third-round funding from Sierra Ventures, Legend Capital, and GGV Capital. Read More

Lakala Mobile Payment Transaction Volume Hits RMB 31 Bln

Ebrun, 8/13/13

Sun Taoran, Chairman and President of Beijing-based e-payment service company Lakala, has disclosed that the company's mobile payment transaction volume reached RMB 31.14 bln in Q2 2013, tallying 10.59 mln total transactions, with an active user base of 1.45 mln. Read More

New7 to Operate Lakala's Flagship Store on TMall

Ebrun, 2/28/13

Beijing-based e-commerce site operator New7 Technology, operator of electrical appliance B2C New7.com, recently took over operation of Chinese e-payment service company Lakala's flagship store on Alibaba Group's B2C e-commerce site TMall (http://lakala.tmall.com). Read More

Lakala to Update 60,000 Payment Terminals

DoNews, 10/31/12

In an October 24 interview, Sun Taoran, Chairman and President of Chinese e-payment service company Lakala, said that the company is preparing to upgrade its more than 60,000 payment terminals in 300 cities across the country, at an average hardware cost of RMB 3,000 per terminal. Read More

China Mobile Launches New Wireless Wireline Phones

CCTIME, 9/21/11

To date, China Mobile (NYSE: CHL; 0941.HK) has released four new TD-SCDMA wireless wireline phones featuring mobile payment, M2M, and Wi-Fi functionality. Read More

Rumor: China's Third-Party Payment Firms Cut Overseas Ties

Oriental Morning Post, 5/13/11

A number of third-party payment processors applying for licenses from the People's Bank of China (PBoC), such as Tencent's (0700.HK) Tenpay, YeePay, 99Bill, and Lakala, are cutting ties with foreign investors, according to an industry source. Read More

China UnionPay to Draft Internet TV, IPTV Payment Standards

DVBCN, 9/13/10

At the recent "11th Chinese Economic Development Forum" held in Beijing, Liu Fengjun, assistant director of Chinese banking network China UnionPay, revealed that China UnionPay was currently in discussions over the formulation of standards for payment through broadcast media such as the internet, television, and IPTV set-top boxes. Read More